Ames National Corp Invests $403,000 in Ames National Co. (NASDAQ:ATLO)

Ames National Corp bought a new stake in shares of Ames National Co. (NASDAQ:ATLO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 24,499 shares of the financial services provider's stock, valued at approximately $403,000. Ames National Corp owned approximately 0.27% of Ames National as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ATLO. Wells Fargo & Company MN increased its holdings in shares of Ames National by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 5,161 shares of the financial services provider's stock valued at $85,000 after buying an additional 1,124 shares in the last quarter. Barclays PLC boosted its stake in shares of Ames National by 15.7% during the 4th quarter. Barclays PLC now owns 13,215 shares of the financial services provider's stock worth $217,000 after acquiring an additional 1,797 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Ames National by 3.1% in the 4th quarter. Northern Trust Corp now owns 75,960 shares of the financial services provider's stock worth $1,248,000 after acquiring an additional 2,273 shares during the last quarter. Bank of America Corp DE raised its position in shares of Ames National by 30.7% during the fourth quarter. Bank of America Corp DE now owns 11,392 shares of the financial services provider's stock worth $187,000 after purchasing an additional 2,679 shares during the period. Finally, Clarity Asset Management Inc. lifted its holdings in shares of Ames National by 162.7% during the fourth quarter. Clarity Asset Management Inc. now owns 4,878 shares of the financial services provider's stock valued at $80,000 after purchasing an additional 3,021 shares during the last quarter. Institutional investors own 26.47% of the company's stock.

Ames National Stock Performance

Shares of NASDAQ:ATLO traded up $0.05 during midday trading on Monday, reaching $17.41. The company had a trading volume of 10,745 shares, compared to its average volume of 16,599. The company has a fifty day simple moving average of $17.34 and a two-hundred day simple moving average of $17.48. The firm has a market cap of $155.23 million, a price-to-earnings ratio of 15.27 and a beta of 0.46. Ames National Co. has a 1-year low of $15.69 and a 1-year high of $22.03.

Ames National (NASDAQ:ATLO - Get Free Report) last announced its earnings results on Thursday, April 17th. The financial services provider reported $0.39 EPS for the quarter. Ames National had a net margin of 11.05% and a return on equity of 5.94%. The company had revenue of $15.46 million during the quarter.

Ames National Company Profile

Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Boone, Clarke, Hancock, Marshall, Polk, Story, and Union counties in central, north central, and south-central Iowa. The company accepts various deposit products, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit.